Hood River Capital Management LLC Sells 265,856 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Hood River Capital Management LLC lowered its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 30.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 613,844 shares of the company’s stock after selling 265,856 shares during the quarter. FirstCash makes up 1.3% of Hood River Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Hood River Capital Management LLC owned 1.35% of FirstCash worth $64,380,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FCFS. Vanguard Group Inc. raised its stake in FirstCash by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,062,478 shares of the company’s stock worth $440,332,000 after buying an additional 219,983 shares in the last quarter. American Century Companies Inc. raised its position in shares of FirstCash by 66.0% in the 2nd quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock worth $46,869,000 after acquiring an additional 177,698 shares in the last quarter. Sei Investments Co. lifted its stake in shares of FirstCash by 34.8% during the 4th quarter. Sei Investments Co. now owns 575,254 shares of the company’s stock worth $62,352,000 after purchasing an additional 148,502 shares during the last quarter. Acadian Asset Management LLC boosted its position in FirstCash by 753.4% during the first quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock valued at $20,560,000 after purchasing an additional 142,391 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in FirstCash by 1,216.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,300 shares of the company’s stock valued at $13,430,000 after purchasing an additional 97,300 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research started coverage on shares of FirstCash in a research report on Friday, June 7th. They set a “neutral” rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.00.

Insider Buying and Selling

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the transaction, the director now directly owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. The disclosure for this sale can be found here. Insiders sold 16,154 shares of company stock valued at $1,912,562 over the last quarter. 14.77% of the stock is currently owned by company insiders.

FirstCash Stock Performance

Shares of FCFS stock opened at $117.37 on Monday. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The company has a market cap of $5.34 billion, a PE ratio of 22.88 and a beta of 0.62. FirstCash Holdings, Inc. has a 12-month low of $94.55 and a 12-month high of $133.64. The business’s fifty day simple moving average is $114.93 and its 200-day simple moving average is $116.24.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The company had revenue of $831.00 million for the quarter, compared to the consensus estimate of $824.87 million. During the same quarter in the previous year, the firm earned $1.22 EPS. FirstCash’s revenue was up 10.7% compared to the same quarter last year. Analysts expect that FirstCash Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

FirstCash Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.30%. FirstCash’s dividend payout ratio is currently 29.63%.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.